4-month instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. According to European Central Bank's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 4-month maturity stood at 1.92 percent on 13 November 2025, compared to 1.93 on the previous day.
Sample. In the daily series presented in the figure, there are 5,418 records in total. The series covers the time span stretching from September 2004 to November 2025.
History. Here are some descriptive statistics we calculated on the whole sample: the forward rate reached a minimum of -0.91 percent on 10 March 2017; it achieved a maximum of 4.46 on 9 June 2008; it averaged 0.94.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 1.9186 |
| 2025-11-12 | 1.9251 |
| 2025-11-13 | 1.9179 |
Tip. To facilitate exploration, we organize indicators into data sets and worksheets. By scrolling down, you will find how we structured further material related to the statistics published here.
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Series Metadata
| Field | Value |
|---|---|
| Description | 4-month rate ECB instantaneous forward yield curve (AAA bonds) |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Constant-maturity nominal instantaneous forward rate on government bonds |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | European Central Bank |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Interpolated level |